Saturn Resources buys Shanta Gold for $239M
East Africa-focused Shanta Gold (LSE: SHG) said on Wednesday it had agreed to a £141.9 million ($239.7 million) takeover bid by Tanzania-based Saturn Resources. Under the deal, Shanta shareholders will…
Gold
AngloGold Ashanti invests in G2 Goldfields as Guyana faces annexation threat
AngloGold Ashanti (NYSE:AU), the fourth-largest gold producer, is buying a stake in Guyana-focused G2 Goldfields (TSXV: GTWO; US-OTC: GUYGF) even as neighbouring Venezuela vows to seize the land where its…
Blue Lagoon, Lake Babine Nation ink deal to start Dome Mountain mine
Blue Lagoon Resources (CSE: BLLG; US-OTC: BLAGF) and the Lake Babine Nation have signed an agreement allowing the start of underground mining at the Dome Mountain gold mine in central…
Centamin grows Sukari gold reserves for third straight year
Egypt-focused Centamin (TSX: CEE; LSE: CEY) has grown its resource and reserve base at its Sukari gold mine for the third year in a row. The company said Sukari’s reserves…
TNM Drill Down: OceanaGold hits high grades with Haile Underground drilling
Our TNM Drill Down features highlights of the top gold assays from Dec. 8-15. Drill holes are ranked by gold grade x width, as identified by data company Mining Intelligence….
Dundee spends C$287M to acquire Osino’s Twin Hills gold project in Namibia
Dundee Precious Metals (TSX: DPM) is buying Osino Resources (TSXV: OSI; US-OTC: OSIIF) for $287 million in cash and shares to acquire its advanced-stage Twin Hills gold project in Namibia. The…
Jaguar grows gold reserves at MTL in Brazil after Iamgold acquisition
Jaguar Mining (TSX: JAG; US-OTC: JAGGF) has more than doubled its probable gold ounces at the MTL complex in Brazil including assets it bought from Iamgold (TSX: IMG; NYSE: IAG)…
Panama rejects Orla Mining request for permit extension
Orla Mining (TSX: OLA; NYSE: ORLA) said Monday that Panama’s government had rejected the company’s request for permit extensions at three mining concessions that make up its Cerro Quema gold…
Double gold mine buy gives Genesis Minerals critical mass Down Under
Genesis Minerals (ASX: GMD), targeting growth in Western Australia, has purchased the Bruno-Lewis and Raeside gold projects from Kin Mining (ASX: KIN) for $48 million (A$53.5 million). The acquisition boosts…
Record investment propels BC as an attractive mining centre
As British Columbia breaks another spending record for mineral exploration, Association for Mineral Exploration (AME) B.C.’s president and CEO Keerit Jutla is convinced the province is turning the corner on…
Plummeting platinum group prices could worsen shortage: report
The price of platinum group metals (PGM) has fallen by 42% this year and could widen a supply deficit if unprofitable mines are sidelined, according to a new report by…
Seabridge confirms new porphyry discovery at Iskut property in BC
Seabridge Gold (TSX: SEA) (NYSE: SA) has achieved its 2023 goal of finding a new porphyry mineral system from drilling on the Snip North target of its Iskut property in…